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In the illustration to Section 134 of the Negotiable Instruments Act, 1881, the acceptor B was liable…

In the illustration to s.134, since the bill was payable in Washington, the acceptor's liability there was governed by Washington law, fixing his interest at 6 per cent, not…

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In the illustration to Section 134 of the Negotiable Instruments Act, 1881, the acceptor B was liable to pay interest at:

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Correct answer D

In the illustration to s.134, since the bill was payable in Washington, the acceptor's liability there was governed by Washington law, fixing his interest at 6 per cent, not 25, 10, or 12 per cent.

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